When opening an account with Members First we require 2 forms of valid identification. One form will need to be a valid non-expired state or government issued ID. The second form can be your Social Security card, utility bill, insurance card, school ID etc. If you have any questions regarding acceptable forms of identification, call 361-991-6178.
Click for Regulation D on savings accounts.
Regular Savings
To become a member, you must open a Regular Savings Account (a share) of the Credit Union by depositing $1.00 into the account. This deposit remains in your account as long as you are a member or as long as you have any of our products or services. You can use this Share Savings account as your regular Savings account as well. (As long as the $1.00 minimum remains in the account at all times).
- Deposits can be made into the account in any amount
- There are no monthly fees.
- Dividends are earned on the average daily balance of $100 or more and the rate is set by the Board of Directors at the end of each quarter for the previous quarter.
Money Market
Our Money Market accounts are paid on funds from the date of deposit to the date of withdrawal.
- Interest is paid and compounded monthly.
- Minimum balance of $3000 is required to open a Money Market account.
Kids Club
Our Kids Club Savings Account is designed especially for children ages 12 and under, helping them build strong financial habits from an early age. With this account, kids can learn the basics of saving money, setting goals, and watching their savings grow over time. As they get older, they’ll be ready to transition into our Student Checking Account, where they can continue learning how to manage money responsibly. Plus, when you refer someone to open a Kids Club Account for their child or grandchild, we’ll give them a $10 head start with a deposit into their new account! Click Here for Coupon.
- No monthly fees
- Open with as little as $1.00
- Deposits can be made into the account for any amount.
- Dividends earned on the average daily balance of $100 or more.
Secondary Savings
Want to save for a special goal, like an emergency, holiday gifts, or a vacation? Open one (or multiple) Secondary Savings accounts and make it happen! With no monthly fees and no minimum balance, it’s easy to start saving for anything and everything.
- No monthly fees
- No minimum balance
- Save for anything
- Easily transfer funds
In order to help members understand their share insurance, we have provided a link to the NCUA to read about share insurance. Your shares at Members First are insured up to $250,000 per member by the National Credit Union Share Insurance Fund (NCUSIF). Click Here for more details on NCUSIF Share Insurance.
